5 Ways to Limit Your Risk of Credit or Debit Card Fraud

5 Ways to Limit Your Risk of Credit or Debit Card FraudWhen Target acknowledged last month that 70 million credit and debit card accounts had been exposed to theft, it was another stark reminder that any of us can become victims of fraud. Close to half a billion dollars is lost to credit-card fraud in Canada annually. Here are five ways to limit your risk: 1. Answer your phone with suspicion Be wary of individuals who ring you out of the…

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5 Practical Financial Preparations For a Long-Term Vacation

5 Practical Financial Preparations For a Long-Term VacationWhen that first cold wind or frost hits, I’m always surprised. I have no clue why — I’m Canadian, a Winnipeg native — and I’m well acquainted with this country’s winters. If the chilling reminder of what’s in store this season has you thinking of going on an extended trip, here are five financial preparations to make before any long-term vacation. Get travel insurance. Only half of Canadians, according to…

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Are you PHSP-ing?

Are you PHSP-ing?Fiona Law looked at a raft of traditional group insurance plans while looking to provide health and dental benefits for her staff at Calgary-based CompuTouch. Her business, which uses technology to support interactive meetings and conferences, has just three full-time employees. So she wanted something that was easy to set up and understand, a plan that would cover a wide range of medical expenses and offered the firm certainty of…

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Canada New Mortgage Rules

Canada New Mortgage RulesIn mid-January, Finance Minister Jim Flaherty announced new mortgage rules that would be put in place to help stop rising debt levels among Canadians, and to keep another mortgage meltdown from occurring. These rules, three of them in total, are another measure the government has put in place to tighten the rules for people getting mortgages. In 2010, stronger rules were put in place, and this adds to that. The…

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Closing/ Home Costs to Think About Before You Buy your Home

Closing/ Home Costs to Think About Before You Buy your HomeThere are lots of costs to think about when you buy your home (not just the down payment you have to worry about and the actual home, but lots of other things that can add up). Here are some of these costs (HINT: They include lots of taxes.  Awesome…): Home Inspection This can range anywhere from $400 to $1000 for a thorough home inspection   …

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EI Benefits for the Self Employed

EI Benefits for the Self EmployedAs the ranks of self employed Canadians increases, there is a growing problem of employment insurance coverage.  What is the problem?  Self employed business owners previously were not eligible for employment insurance coverage.  As it’s especially applicable to the female entrepreneurs, business income could dry up quickly while on maternity leave.  With no business income or employment insurance benefit, the financial situation could get ugly unless there is substantial savings….

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